It seems something interesting will happen in the next budget, for us the tax payers !
Increase in Income Tax exemption limit from 2 L to 4 Lakhs
Section 80C limit of 1 Lakh in Savings schemes will be
enhanced 9to 2 L ).
Increase in limit for deduction of tax on iterest on fixed deposits from current level of 10000 to 20000/-
Reintroduction of 80CCF (tax break on infrastructure bonds).
Increase in limit for deduction of tax on iterest on fixed deposits from current level of 10000 to 20000/-
Reintroduction of 80CCF (tax break on infrastructure bonds).
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